White House Staff Warned Against Using Prediction Markets for Gambling
By
chrischapman
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Summary
White House staff have been warned not to use prediction markets for gambling, following an email from the White House counsel's office. The warning cites government ethics guidelines prohibiting the use of insider information for financial gain. The article mentions prediction platforms like Kalshi and Polymarket, which have grown in popularity for wagering on political events, with one notable case involving a gambler making nearly half a million dollars on the capture of Venezuelan president Nicolás Maduro.
Key quotes
· 3 pulledWhite House staff have been warned not to use prediction markets for gambling
all federal employees are subject to government ethics guidelines that prohibit the use of insider information for financial gain
Polymarket came under scrutiny in January after a gambler made nearly half a million dollars on the capture of Venezuelan president Nicolás Maduro just before it was officially announced
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